To: AdamSelene235
While Roosevelt did not cause the Great Depression, he was not the economic miracle worker that historians (academics) make him out to be.
Here's a question, and you only get one guess...
What developed country/economy was the LAST to recover from the Depression?
We basically didn't get out of it until WWII bootstrapped up out.
To: Cousin Eddie
until WWII bootstrapped up outNot really even then. Employment went up as the market for soldiers really took off and also the market for weapons, so employment was full but there was no money. All our production was being blown up in a war. It took the easing of controls after the war to bring to end thee depression. War production adds nothing to an economy unless it is production for someone else's war.
20 posted on
07/22/2002 4:00:33 PM PDT by
arthurus
To: Cousin Eddie
Actually, true recovery didn't begin until 1945-46 when the war ended and Truman lifted the wartime controls. The wartime period was a time of economic shortages, high accident rates, shoddy goods, rationing, etc. It was hardly a period of true prosperty.
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